I saw AmPRS Asia Pacific REITs doing extremely good.

I wonder whats your opinion on them. 

Scenario 1, u top up both funds, u pay 2 annual fees

Scenario 2, u only pay 1 time for each year

Topup max rm3k/year until 2021 as after 2021 there's no more income tax relief

If got tax relief, continue to top-up

If don't have tax relief, then discontinue and let your capital compound over the twenty or thirty years.

Simple as that.

Xuzen

p/s PRS' awesomeness is tied to its tax relief.

CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C NAV price abit high, don't know how high it will go..

while AmPRS - Asia Pacific REITs - Class D only have 1 year history..
sorry guys, what does the Class C and Class D mean?

Friends,

PRS should not be a complicqted process. You put in only MYR 3,000.00 per annum or MYR 250.00 per month if you choose to particiapte using bank standing instruction.

If you are below 40, choose growth fund. If you are above 40 years old, choose moderate. It is my personal opinion that the conservative funds are a waste of time.

The tax relief window is until 2021, and this means you only have four years of tax releif left.

For PRS growth fund, choose CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C    

For PRS moderate fund, choose Affin Hwang Moderate Fund.

For me, I started in 2012 with Affin Hwang Moderate fund because Affin Hwang was the first PRS provider in the industry. The other PRS provider came later, about six months later than Affin-Hwang. The amount of tax relief I got cummulatively so far is MYR 3,600 (MYR 720 tax relief x 5 years). The gross return for Affin Hwang moderate fund is 6.6% p.a. Annualized.

If incorporate the tax relief, (at 24% tax bracket), the annualized return becomes 14.73% p.a. Annualised.

Apa lagi lu mau?

Sh1t, I hope the govt continue with the tax relief post 2021. Better still if they increase it to MYR 6,000.00!

Xuzen

P/s Don't put anything more than MYR 3K p.a., as anything above MYR 3K, you don't enjoy the tax releif and PRS biggest selling point is the tax relief... period.

---- Rant mode on ---

D1U! I see people here choose this choose that, think this, think that...when all they are gonna put in is MYR 250.00 per month only. And the fact is if you don't kena tax, then no point to participate PRS. If you are eligible for the Youth incentive, then open an account, put in the minimum value (MYR 1K at the time of writing) and then wait for your govt incentive.

Once you start to work and get properly taxed then you start the PRS program. And don't play PRS like stock or normal UTF, do asset allocation lar as though doing normal UTF or time the market lar as though playing stock market....

It is a waste of time. Just put in MYR 250.00 every month and once a year get the tax relief. That itself is your guarantee win liao! That is like a guarantee income liao: APA LAGI LU MAU?

I spoke to some young kucipeks who are working, tell them open an account, just put in minimum MYR 1K to get a 100% ROI , that is , the govt incentive. 100% ROI also they boh hiu! Think this think that.... but buy Iphone 7 which is RM4K, wah! Will borrow, cheat and steal to get it! D1U!

---- Rant mode over ---

 

Xuzen

Which want is better,go to the bank open or buy at FSM?any difference for the charges?

Thank you sifu, you was invest in affin huang? I guess I will invest another 3k once my income raised.

Thanks! I guess need to step out my bed to do this. Appreciate this

Aim which fund? haha

You plan on having three PRS fund?

are you planning to form a portfolio of RPS funds to supplement your existing portfolio of UT funds?
:thumbsup: nice moves

So far I am seeing Affin Hwang PRS as the best performing one. Not sure how it will moves in the long run. Since it is a PRS fund the expectation would be to keep it for more than 10 years.

what's next after these 3?

nope, not yet. i already have the 3 funds u mentioned. thinking of kenanga maybe.

lol, monitor first. actually prefer non-malaysian centric funds to diversify. but i think only those 3 so far. previously i DCA monthly, but this year i think i'll go with lump sum towards year end during FSM promo to get some freebies.

I enrolled online justnow and invested via FPX. But it did not show my PPA number...

He did online enrollment at PPA website.

Need middle person?

https://prsenrolment.ppa.my/

That is not called middle person.
PPA is directly working with PRS provider.
Online enrollment at PPA website should save all the manual paper works if we were to buy with FSM.

FSM is the middle person since they forward your application to PRS provider.